India breaks defence production records

Briefly: India’s defence industry produced a record $12B in ammunition and weapons during FY2022. That’s a 12% increase from the year prior.

India has been the world’s largest arms importer for over a decade, sourcing nearly half its military gear from Russia. But Russia’s invasion of Ukraine and China’s assertive style have nudged India to become more self-sufficient.

Indian policymakers are achieving that by co-producing foreign weapons at home, as well as encouraging local suppliers. In fact, India has nearly tripled the number of its defence industry permits in recent years.

Intrigue’s take: You could almost replace the words “Indian defence industry” with:

  • 🇺🇸 US chip-making industry
  • 🇳🇬 Nigerian fertiliser industry, or
  • 🇻🇳 Vietnamese computer industry

… and the story would be much the same. The world is getting a little cray-cray, and governments everywhere are battening down the hatches.

Also worth noting:

Latest Author Articles
Western funding for Ukraine under pressure as the war approaches its third calendar year 

The White House warned in a letter to Congress yesterday (Monday) that military and economic assistance to Ukraine will run out by the end of the year without additional funding. Failure to allocate new money would “kneecap Ukraine on the battlefield”, according to budget director Shalanda Young.

5 December, 2023
Court forces Panama to shut a key copper mine

Panama’s Supreme Court ruled unanimously (🇵🇦) on Tuesday that the law behind the country’s vast Cobre Panama copper mine was “unconstitutional”.

30 November, 2023
BBC report alleges COP28 host UAE used host status to source oil and gas deals

Documents leaked to the Centre for Climate Reporting suggest UAE officials have sought to leverage their COP28 host country status to push for oil and gas deals, just as the UAE kicks off the COP28 climate talks in Dubai this Thursday.

28 November, 2023
An Israel-Hamas ‘hostages-for-pause’ deal?

Hamas may soon agree to release 50-100 women and children being held as hostages in Gaza, according to Israeli, Qatari, and American officials.

21 November, 2023